Source https://feeds.feedblitz.com/~/627832750/0/griswoldhomecare~Senior-Safe-Act-What-You-Need-to-Know/
It’s estimated that older adults are the victims of between $3-35 billion dollars in fraud each year. It’s hard to know for certain because of how much goes unreported. But as we get older, we become more trusting. We’re also prone to lapses in memory and other cognitive impairments. This additional vulnerability to scams can make laws protecting senior citizens of critical importance.
Elder Financial Abuse Laws
One thing that can perpetuate this fraud is when financial institutions are fearful of reporting possible instances of crime against the elderly. For instance, they might be concerned about violating an institutional requir…
Source https://feeds.feedblitz.com/~/627832750/0/griswoldhomecare~Senior-Safe-Act-What-You-Need-to-Know/
It’s estimated that older adults are the victims of between $3-35 billion dollars in fraud each year. It’s hard to know for certain because of how much goes unreported. But as we get older, we become more trusting. We’re also prone to lapses in memory and other cognitive impairments. This additional vulnerability to scams can make laws protecting senior citizens of critical importance.
Elder Financial Abuse Laws
One thing that can perpetuate this fraud is when financial institutions are fearful of reporting possible instances of crime against the elderly. For instance, they might be concerned about violating an institutional requir…
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